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Sep 24, 2009
From Public to Private - The Road Less Travelled
On the Indian front, going private (i.e., where publicly listed companies decide to delist and become public unlisted or private companies) always had its benefits depending on the marketability of the company’s stocks. Even so, going private has not been as routine as in other countries given that in India there has been more of a rush to get listed than to get delisted. Further, lengthy timeframes set under law and certain other legal considerations also dissuaded founders from delisting their company.
But under bearish markets where the bulls are nowhere in sight and other advantages of going private (for example, that private companies are minimally regulated when compared to listed and unlisted public companies etc), companies are increasingly starting to walk down the private route. Interestingly, the Stock Exchange Board of India (“SEBI”) has also revamped the legal framework that regulates such transactions by introducing revised regulations on the subject.
In this month’s issue of Deal Destination we thus bring to you, “From Public to Private - The Road Less Travelled” which analyses the practical considerations to take a listed company private in India and the legal snags that may hold up the process.
For a detailed written analysis, please click on the link here.
- Archana Rajaram & Amrita Singh
You may direct your comments to Ramya Krishnan-AniL +91 900465 0363 |
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